Are you holding out from buying a home in the hopes that the housing market is going to crash thereby bringing home prices down? Here’s a look at what the data tells us.

You might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what's ahead for the housing market.

If you put off moving because you’re worried home prices might drop, make no mistake, they’re not going down. In fact, it's just the opposite. National data from several sources says they’ve been going up consistently this year.

Let's take a look at some of the expert forecasts from late last year and how they stacked up against their most recent forecasts.

Here are the top two questions you need to ask yourself about home prices and mortgage rates as you make your decision.

One of the reasons prices didn’t crash like some expected is because there aren’t enough available homes for the number of people who want to buy them. Even with today’s mortgage rates, there are more people looking to buy than there are homes available for sale.

Even though interest rates have been rising the past 12 months, these real estate metrics paint a clear picture of a thriving and competitive market.

The pandemic profoundly changed real estate over the last few years. The demand for a home of our own skyrocketed as people needed a home office and a big backyard. Now, things are getting back to normal. The ‘unicorns’ have galloped off.

If we take a year-over-year view, home prices stayed positive. To get a more detailed picture of some of the trends in the market, we need to look at monthly data.

Home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages. Let's see how each of them affect affordability.